IMPORTANT INVESTOR NOTICE: Lundin Law PC Announces Securities Class Action Lawsuit against Oracle Corp. & Reminds Investors w...
July 18 2016 - 12:22PM
Business Wire
Lundin Law PC announces a class action lawsuit has been filed
against Oracle Corporation ("Oracle" or the "Company") (NYSE: ORCL)
concerning possible violations of federal securities laws between
September 16, 2015 and June 1, 2016 (the “Class Period”). Investors
who purchased or otherwise acquired shares during the Class Period
should contact the Firm in advance of the August 1, 2016 lead
plaintiff motion deadline.
To participate in this class action lawsuit, click here to
participate. You can also call Brian Lundin, Esquire, of Lundin
Law PC, at 888-713-1033, or e-mail him at
brian@lundinlawpc.com.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
According to the complaint, the Company made materially false
and/or misleading statements to investors and/or failed to disclose
that Oracle used improper accounting methods to inflate the
Company’s cloud computing revenues; and that the Company violated
the law when terminating senior finance manager Svetlana Blackburn
for raising the Company’s improper accounting practices to the
attention of supervisors. As a result of the above, Oracle’s public
statements were materially false and misleading at all relevant
times.
Lundin Law PC was created by Brian Lundin, a securities
litigator based in Los Angeles.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160718006060/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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